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20121027
20121104
Search Results 0 to 13 of about 14 (some duplicates have been removed)
, indeed, the government of i said i can't is very concerned about the fiscal deficit situation and the finance minister unveiling the consolidation plan, something that hasn't gone on particularly well with the markets because they're not willing to believe the fiscal map. let's talk about what the government intendses to close fy 13 with. the budgeted number 5.1, saying there will be a slippage, but they hope to contain to 5.3%. most estimates peg the fiscal deficit numberner from 5.7 to 5.9%. but as i said, the finance minister coming out all guns blazing and saying it cannot be a business as usual promise. the tough decidings will need to be taken. they are talking about the decisions on the taxation front. they hope to divest the government's share holding. the spectrum sale should give them another strengthening rupee will bring down their import subsidy especially as far as oil sub s citydyes are concerninged. so the government at this point in time is clear, they're also sending out a message to the reserve bank of india. it announces its mop taker poli policy, they feel
that mitt romney put in place, you look at the fact that he inherited a state with a budget deficit. did it without massive tax increases. in a way that helped the people of the state create more jobs. he did it with overwhelmingly in a state where democrats controlled the legislature. he brought people together. he can do exactly what the president promised he would do four years ago and has failed to do on the economy and bringing people together. mitt romney can do it. he's done it in the private sector and as a chief executive at the state level. he can do it for america. and i think in wisconsin, iowa, ohio, we respect that and we want that from our leader. >> and one last quick one. i'm not going to ask you about ohio. everybody does and i'm not. i want to though about iowa. rasmussen likely voters today. romney 49, obama 48. i don't think the republicans have carried iowa since 1492. can you actually win in iowa? this could be huge. >> i think so. i just -- on a person a note, i was born in colorado springs, i lived in iowa until i was in third grade and spent the rest of my life
to start. america doesn't need another tax cut. the deficit is the problem, not the basic way to tax. >> if you look at how americans feel who would better handle the which i, they're pretty strongly in favor of mitt romney. here's a guy that has a strong background in business who understands how commit works. so americans fundamentally have more confidence in mitt romney to handle economy. it didn't mean that he'll win the election. but if it just comes down to the economy, i think mitt romney has the edge. >> chris, do you want to respond to that and to the sense that maybe the average -- that romney goes over well with the average american? are you aichling more at the international business community? >> i think we're aiming at the community in the word, who we would think would be better. we're saying who he we think would best serve america and the world. so we need to look at the deficit, foreign policy, also opinions on social policy. >> one of the things that i found troubling about the economist's endorsement was they cited this stimuluses as a strength of the president. a
a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for
are ready for a change. big word obama used last time. he was going to cut the deficit in half, increase jobs, we have a little bit of job growth. i don't always credit washington for that. i do credit the states and localities for that. but certainly the deficit's getting out of control and i think people are worried about their future generations being strapped with that. surely governor romney's been in ohio probably just as much as the president. they're hitting us quite a bit. people had a chance to listen what he had to say and trust in it. >> mayor coleman, you're mayor of columbus, ohio. the biggest city. how is the economy? it's coming down in this election to not only the future for other generations but also the economic picture in specific areas of the country. how is the economy in columbus right now? >> the economy in columbus is vastly improving. in fact, we're leading the way for the rest of the state. our unemployment rate is 5.7%. still, we have much more to go. we're the lowest unemployment rate in the entire state. frankly, it is the work of the locality, it is the wo
defense spending. the issue is a deficit which is a huge drag long term and the spending of government and a lot of this will depend honestly on who is elected. >> stay with us. first we'll check on the markets to the degree that we can. u.s. futures have been trading in the overnight and morning session. >> currently trading a little bit more than 40 points below fair value. let's show you european markets. a bit higher this morning by good numbers out of ubs and bp. ftse 100 up 35 points. xetra dax up 0.8%. ibex up 0.6%. let's remind you what's going on as far as reinsurers are concerned. impact on hurricane sandy as well. all the big reinsurers are up. this is an expectation maybes wills aren't quite as heavy, but of course if you to get losses, also hardening rates in the long term anyway. an auction coming out of italy today. that's in about an hour or so time. we have three to four billion. might raise more than that. yields just a little lower today, just below 5% for italian. ten year spanish yields, 5.64%. still okay for now for the spanish government. euro-dollar is 1.2929 la
trillion in debt and trillion-dollar deficits every year, that's a chill on growth. tax policy has been complete uncertainty on his part, monetary policy you might argue that what chairman bernanke has done, you might argue that has helped growth at the margin or preserved jobs at margin at the risk of inflation. >> in a perfect world what do you think we could have been at? >> normalized i think a normal recovery, maybe if there's truth to what paul krugman talks about, maybe it's not 8% but it's 6%, 7%. you need 200 to 300,000 jobs a month to create the kind of jobs, 12 million jobs that mitt romney is talking about and that's, should be relatively easily doable. >> 2011 was slower than 2010 and 2012 will be slower than 2011, and we're starting at what just over 2%. i think it's horrible. i was trying with him but he just, i give up. there was five points he just gave me. he's right. you have to take the ball because i've thrown everything in a handout. he totally convinced me. i'm not even arguing. >> you were on the other side of this before. >> initially when i was trying to nail h
the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your reasoning for this. >> if i have created any misperceptions that i favor shorting stocks it is completely out of character with all my books and what i used to do with my hedge fund, when i was working for people at goldman sacks or trading for myself. i always do puts. i rarely do shorts. i was a victim of some horrible short squeezes that lost me a ton of money. use puts. i don't care if there's a premium. let's go to some tweets. here's one from b. kelly 019 @jimcramer. cover calls allow me to print money out of large positions without having to sell. why do you hate them so much? here's the answer. i got to tell you something b kelly 019, i hate trapping
the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >> it's time for "the lightning round." you'll hear this sound and that means the lightning round is over. stu in virginia. >> caller: boo-yeah from virginia. i'm a fisherman and i want to know what level hue let packaer. >> sometimes you have to send them back. let's go to eva in new york. >> c
on the impact of sandy on america's discussion about our debt and deficit. the latest hard numbers show over 8 million people are still without electricity across 18 states as we speak. many of those states densely populated in the united states. while this was a freak storm, it's demonstrated that when our outdated power grid is tested, it fails. now, of course, we cannot control such things as the weather, so let's focus on what we can control. how we can improve our infrastructure like our power grid. to me this storm and the massive power failure should be a clarion call to address our antiquated grid to better withstand such uncontrollable events and to do this, once again, it comes down to reining in the fast growing $16 trillion debt the united states is currently saddled with. that total growing by more than $1 trillion over year. that kind of burden on america, there is little wiggle room for unforeseen events such as hurricane sandy. and think about this. we managed to accumulate this debt and run an annual $1 trillion
; building on our manufacturing boom; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message. welcome to the world leader in derivatives. welcome to superderivatives. >>> fema's about to run out of money. there are some people who say to it on a case by case basis, some people saying we're learning a lesson here the states should take on this role. >> absolutely, every time you have an occasion to take something from the federal government and send it back to the states, that's the right direction. and if you can go even further, and send it back to the private sector, that's even better. instead of thinking in the federal budget, what we should cut,
and deficits are under control. that's going to unleash a lot of that savings. and when we think about households. u.s. household wealth is really the greatest globally. i don't have the exact number, it's over $50 trillion. and again, if households feel there is going to be fiscal, you know, balance. this is a very different situation when you compare u.s. versus europe. because the health of the private sector. corporates in such great shape today. >> are you saying the market's going to go up no matter what? no matter who is elected? and does the fiscal cliff weigh in at any point? or is that something you assume you will find a solution to? >> well, the fiscal cliff, it's incredibly important for congress to avoid a fiscal cliff. i think it's just sort of a gamble no one wants to take. but we're really building a base case that the fiscal cliff is essentially blunted. we have about a third of it actually happening next year. and that 1.6% drag is pretty comparable to the fiscal drag we've seen from state, local, federal in 2011, 2012. >> all right. tom, thank you. we appreciate it.
said he was going to cut the federal deficit in half, and then he doubled it. he said he was going to lower the unemployment rate down to 5.2% right now. today we learn that it's actually 7.9%, and that's 9 million jobs short of what he promised. unemployment is higher today than when barack obama took office. think of that. unemployment today is higher than on the day barack obama took office. he promised that he would propose a plan to save social security and medicare from insolvency. he didn't. rather, he raided $716 billion from medicare to pay for his vaunted obama care. he said he was going to lower health insurance premiums for the average family. by $2,500 a year by now. and actually by now they are now $3,000 higher for an average family, and gasoline. the american family now pays $2,000 a year more for gasoline than when he was elected. of course, he also said he was going to work across the aisle on the most important issues. listen to this, he has not met on the economy or on the budget or on jobs with either of the republican leader of the house or the senate since ju
Search Results 0 to 13 of about 14 (some duplicates have been removed)